Shell Petroleum Development Company, SPDC, yesterday, lifted its more than two months force majeure on exports of Nigeria’s Forcados crude oil stream, following the repair of the Trans Forcados Pipeline. According to a statement by the company, the Joint Venture had earlier declared force majeure on the evening on May 5 following a series of leaks in the Trans Forcados pipeline that brings the oil to the export terminal. The Trans Forcados pipeline has a capacity of 150,000 barrels per day. Specifically, the Nigerian Petroleum Development Company, NPDC, a subsidiary of the NNPC, uses the pipeline to transport around 11,000 barrel per day of crude and 6.5 million cubic feet of gas per day, while Seplat Petroleum uses the pipeline to transport its over 60,000 barrel per day of crude oil output. Despite the fact that the bigger, 28-inch and 48-inch sections of the pipeline are operated by Shell, […]